Foreign currency-denominated bank loans in the country posted a slight decrease in the first three months of the year, driven by weakened demand for both short and long-term borrowing from residents and non-residents alike. According to data from the Bangko Sentral ng Pilipinas (BSP), foreign...
The Bangko Sentral ng Pilipinas ' (BSP) First Philippine Polymer Banknote Series (FPPBS) has been recognized with the "Best New Banknote or Banknote Series" award for its security features, design, and incorporation of Philippine flora and fauna. According to the BSP, the FPPBS received the...
Razon-led Manila Water Co. reported that its net income posted a 14 percent increase in the first quarter of 2025. In a disclosure to the Philippine Stock Exchange this Friday, May 9, the private water utility firm’s net income reached ₱3.5 billion in the first three months of 2025, up from...
Upgrading the Philippine currency ensures that every hard-earned peso, whether saved or invested, stays safe, President Marcos said. "By upgrading our currency, we are making sure that every hard-earned peso stays safe, whether it is saved, whether it is spent, or whether it is invested," Marcos...
Once its "Project Agila" ends in January 2025, the Bangko Sentral ng Pilipinas (BSP) will craft a three- to five-year roadmap in preparation for a possible central bank digital currency (CBDC), a top official said. During a breakout session at the Philippine Institute for Development Studies'...
The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) has begun discussions on the draft guidelines for determining rate adjustments for Manila Water Co. and Maynilad Water Services Inc. On Tuesday, July 19, a public consultation was held regarding the Foreign Currency...
(Bloomberg) A measure outlawing bulk foreign currency smuggling for any person found concealing through fraud, willful misdeclaration, or other means the amount exceeding $10,000 when arriving or leaving any point of entry in the Philippines has moved past the...
After financial analytics firm S&P Global maintained the Philippines’ long-term foreign currency-rating at BBB+, House Ways and Means Chairman and Albay 2nd district Rep. Joey Salceda credited the Marcos administration for successful economic recovery. Albay 2nd district Rep. Joey Salceda On...
The Bangko Sentral ng Pilipinas (BSP) should retain the depiction of the country’s national heroes in Philippine currency in recognition of their bravery and invaluable contribution to the country’s rich history and culture. Senator Richard Gordon made the call on Sunday, as he opposed the...
The decision of the Metropolitan Waterworks and Sewerage System (MWSS) to remove the Foreign Currency Differential Adjustment (FCDA) from the water bills will have a different impact on the respective customers of Manila Water Company, Inc. and Maynilad Water Services, Inc. Unfortunately, it will...
The House of Representatives has approved on third and final reading a bill that would further plug loopholes in the current Anti-Money Laundering Law by penalizing smuggling of foreign currency and other monetary instruments in bulk. Dollar Smuggling With 197 affirmative and zero negative votes,...
To lure in more international travelers, Philippine Airlines (PAL) has become the first carrier to deploy multi-currency pricing via the Amadeus platform. Amadeus Logo Most international shoppers, 75 percent in all, prefer multi-currency pricing when making cross-border purchases. However, today's...
